Angeles Investment Advisors’s MDU Resources MDU Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$5.08M	Hold	245,414	–	–	0.34%	16
2025 Q4	$4.79M	Sell	245,414 -12,917	-5%	-$254K	0.32%	16
2025 Q3	$4.6M	Hold	258,331	–	–	0.3%	15
2025 Q2	$4.31M	Hold	258,331	–	–	0.24%	16
2025 Q1	$4.37M	Hold	258,331	–	–	0.24%	19
2024 Q4	$4.66M	Sell	258,331 -207,956	-45%	-$3.65M	0.22%	25
2024 Q3	$7.08M	Hold	466,287	–	–	0.36%	20
2024 Q2	$6.48M	Hold	466,287	–	–	0.33%	23
2024 Q1	$6.51M	Buy	+466,287	New	+$5.4M	0.35%	22
2023 Q3	–	Sell	-796,763	Closed	-$9.24M	–	200
2023 Q2	$9.24M	Sell	796,763 -364,121	-31%	-$4.1M	0.78%	12
2023 Q1	$13.5M	Hold	1,160,884	–	–	1.11%	14
2022 Q4	$13.4M	Hold	1,160,884	–	–	1.15%	12
2022 Q3	$12.1M	Hold	1,160,884	–	–	1.26%	10
2022 Q2	$11.9M	Hold	1,160,884	–	–	1.09%	10
2022 Q1	$11.8M	Hold	1,160,884	–	–	0.81%	13
2021 Q4	$13.6M	Hold	1,160,884	–	–	0.68%	22
2021 Q3	$13.1M	Buy	+1,160,884	New	+$13.9M	0.76%	21
2019 Q3	–	Sell	-101,069	Closed	-$992K	–	83
2019 Q2	$992K	Hold	101,069	–	–	0.24%	24
2019 Q1	$993K	Buy	+101,069	New	+$981K	0.94%	18